Released on = April 7, 2006, 8:16 am

Press Release Author = The Hughes Trustco Group Ltd

Industry = Financial

Press Release Summary = Buyers could reduce their monthly payments by as much as
$300 per month on a $400,000 loan at six percent interest.

Press Release Body = Montreal, Canada. Today The Hughes Trustco Group
(Xpressterm.com) advised its brokers to discuss longer term life insurance policies
for borrowers after Genworth Financial Canada today acted to help potential home
buyers with concerns about affording monthly mortgage payments, saying it would
begin insuring 30 and 35-year loans.

Buyers could reduce their monthly payments by as much as $300 per month on a
$400,000 loan at six percent interest. The principal and interest payment would be
$2,559 on a 25-year mortgage, $2,379 on a 30-year mortgage and $2,261 on a 35-year
mortgage. \"Genworth is committed to introducing innovative products to help
Canadians buy homes sooner. Insuring mortgage loans with extended amortization
periods will enable buyers to keep monthly costs affordable even as both interest
rates and home prices continue to rise.\" said Peter Vukanovich, President.

Insurance for loans under the new 30- and 35-year mortgage amortization program will
include a 0.20% premium surcharge for every five years of amortization beyond the
traditional 25-year mortgage period." While lowering payments, people need to be
aware that to pay off the house, they will need a correspondingly larger amount of
protection" said Ivon T. Hughes, President of The Hughes Trustco Group. " Payments
stretch out forever into never never land and you need to have enough term life
insurance and disability insurance in place in case something happens. This should
be of concern to all participants in such mortgages. We always recommend term life
insurance in these cases as it is the cheaper and lower payments are what the client
is trying to achieve. While term life insurance has no cash value, it provides
better value as you have more life insurance coverage for your money."

About Genworth Financial Canada
Genworth Financial Canada, the Homeownership Company, works with lenders, mortgage
brokers, real estate agents and builders to make homeownership more affordable and
accessible throughout Canada. The company combines global experience in mortgage
insurance with technological and service leadership to deliver innovation to the
mortgage marketplace.

About The Hughes Trustco Group
The Hughes Trustco Group went online in June 1998 to supply information about life
insurance to consumers from all the life insurance companies. The website is
visited every day by persons seeking information on term life insurance, disability
insurance, critical illness and all forms of life & health insurance. Life
insurance quotes are provided from all the companies allowing the client to make an
independent assessment.


Web Site = http://www.hughestrustco.com

Contact Details = Ivon T. Hughes
1405 Bishop Street, Suite 216
Montreal , H3G2E4
$$country

514-842-9001
info@hughestrustco.com
http://www.hughestrustco.com